Latest reports – Page 3074
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PropertyEU Archive
LaSalle completes EUR 125m hat-trick of sales in Eastern Paris
LaSalle Investment Management has announced the sale of its third property in the Eastern Paris suburbs since the start of the year on behalf of the LaSalle French Fund II, bringing the total value of the three sales to around EUR 125 mln.
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PropertyEU Archive
Industrial vacancy drops in Czech Republic: DTZ
The vacancy rate in logistics and industrial Grade A properties in the Czech Republic has decreased sharply in Q3 2010, according to new research from DTZ. After totalling more than 18% in Q3 last year, vacancy rates have since dropped to sub 12% in Q3 2010. This brings the total ...
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PropertyEU Archive
Office market shows strongest rental growth in UK: CBRE
Prime occupier markets across the UK’s commercial real estate landscape began to show improvements during the third quarter (Q3) of 2010 as rental values firmed up in many regions, according to CB Richard Ellis’ latest UK Prime Rent and Yield Monitor. This upturn was countered, however, by weaker investor sentiment ...
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News
Canada Pension Plan swoops in on prime DC assets
GLOBAL – The Canada Pension Plan Investment Board (CPPIB) has invested $91m (€65m) in return for a 45% stake in two prime office buildings in Washington DC, its first investment in the US capital.
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News
Real estate markets failing to recover in Italy, Japan
GLOBAL – The Italian commercial real estate market has continued its gradual decline in capital values in the first half of 2010, according to Investment Property Databank (IPD).
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News
Former WP Carey colleagues launch global sale-and-leaseback venture
GLOBAL – Gordon DuGan and three other former W P Carey executives have launched a new investment company that will specialise in sale-and-leaseback real estate deals.
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News
UK government cuts social housing spending, backs infrastructure
UK – The coalition government in the UK has revealed it will cut funding for social housing projects by £4.4bn (€4.95bn), effectively a 50% drop on the previous government's commitment to spend £8bn between 2008 and 2011.
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News
Unilever Progress selects core Aberdeen product as it moves into funds
NETHERLANDS – Progress, the Dutch Unilever pension fund, has committed €35m to a core pan-European real estate fund managed by Aberdeen Property Investors.
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News
Mass PRIM hires AEW to take over RREEF separate account
GLOBAL – The Massachusetts Pension Reserves Investment Management Board has selected AEW Capital Management as its fifth core separate account manager.
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News
Alaska Retirement to hold back on real estate investments
GLOBAL – The Alaska Retirement Management Board has no plans to increase investment in real estate over the next 12 months.
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PropertyEU Archive
Return of pre-lets stimulates Central London take-up: CBRE
The Central London office market saw take-up levels rise well above trend in the third quarter of 2010, according to a new research report from CB Richard Ellis. The market saw the return of large pre-letting deals, which boosted take-up to 325,000 m2, 27% above the previous quarter, and an ...
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PropertyEU Archive
Colliers-UFG mulls new office in Lille
Colliers International's French arm, Colliers-UFG PM is considering opening a new office in Lille to expand its reach in the French property services market.
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PropertyEU Archive
Norwegian sells Norgani hotels in EUR 1bn deal
Norwegian Property has concluded an unconditional agreement to sell the Nordic hotel group Norgani for about NOK 8.3 bn (EUR 1 bn). The buyer is Sech Holding, a company jointly owned and controlled by Swedish hotel company Pandox and Heches Holding, which is controlled by Eiendomsspar and the Sundt family.
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PropertyEU Archive
Gazeley re-starts speculative development in Germany
Global logistics property developer Gazeley has launched the construction of a new 20,000 m[sup]2[/sup] logistics property on a 4-hectare site in Kandel, near Karlsruhe in south-western Germany. In a statement this week, the company said that the development is the first speculative project carried out since the onset of the ...
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PropertyEU Archive
Immofinanz sells Valdek office building in Prague
Immofinanz has sold the Valdek office building in Prague to a Danish investor. The sale price was kept confidential but the parties said it exceeded the book value determined by external appraisals. The sale forms part of the optimisation of Immofinanz's property portfolio,
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PropertyEU Archive
Investment market making up for lost time: C&W
European real estate trading volumes hit EUR 23.3 bn in Q3, 12.5% down on the second quarter, according to Cushman & Wakefield. The property adviser said in a new report that better sentiment and a modest improvement in property and debt availability should support stronger activity in the coming months, ...
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PropertyEU Archive
Orpea buys into French and Belgian nursing home markets
French nursing home operator Orpea has signed an agreement to acquire the entirety of the Mediter Group in France as well as a 49% stake in the Medibelge Group in Belgium, representing a total of 4,866 beds on 57 sites, including 3,810 beds in France and 1,056 beds in Belgium. ...
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PropertyEU Archive
UBS RE sells in The Hague for EUR 98m
The German asset management unit of Swiss banking group UBS said on Thursday that it has divested two office buildings to fund manager Real I.S. for a total of EUR 98 mln. The company is selling two of the three office buildings within the Beatrixpark office complex. They offer 27,500 ...
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PropertyEU Archive
SFL in exclusive talks to buy 30% stake in SIIC de Paris
SIIC de Paris, the French property arm of Spanish group Realia, said on Thursday that it is 'in exclusive negotiations' with Société Foncière Lyonnaise (SFL) to sell a 30% stake in the company before the end of the year. As part of the operation, Inmobiliaria Colonial's French subsidiary SFL plans ...
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PropertyEU Archive
German funds step up disposals in year to end-June 2010: BVI
Germany's open-ended property investment funds (GOEFs) sold 105 assets in the 12 months to end-June, more than double the 48 disposals recorded in the year-earlier period, according to new figures from fund industry body BVI. A significant portion of the disposals were in Germany, where 65 properties were sold for ...
